JCF Funding, LLC has made a verbal offer to purchase the Hoku plant in Pocatello from Hoku Corporation (OTCPK:HOKU.Q). JCF Funding said that it has made a verbal offer for the plant to Gary Rainsdon who is handling Hoku's bankruptcy filing. The trustee is expected to make a decision on JCF's offer before the end of August 2013.

JCF is not disclosing what it is offering for the plant but officials with the firm would say the offer is in excess of the $25 million which could be made off materials from the plant if it were to be scrapped. JCF said it will open an office in Pocatello in the next two weeks as it works to buy the plant.